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R.B.S taking the p***!


observer

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Saw the following in today's Times:

 

"The head Royal Bank of Scotland?s troubled credit markets unit has parted company with the group.

 

Symon Drake Brockman, who ran a unit that helped RBS run up the biggest loss in corporate history, has left to ?focus on other opportunities?, said the bank today.

 

?Symon played a key role in the growth and strategic development of GBM (global banking and markets) and we wish him well for the future,? an RBS spokesman said."

 

With a track record like that, I'm just wondering what the "other opportunities" are. :?

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I found the following in a recent RBS annual report:

 

"The Group has a comprehensive pre-employment screening

policy to guard against possible infiltration and employee related

fraud. In addition to existing workplace security

measures, all people engaged in the Group are screened prior

to commencing employment."

 

Obviously fitness to be a Chief Executive is excluded from the pre employment screening. :wink:

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  • 2 weeks later...

I see from yesterdays papers that RBS have refused to lend Wrekin (the building company founded in the 1960's) 2 or 3 million pounds to help them over a cash flow problem. This is despite the company having over 40 million pounds worth of orders on their books.

 

The company will close putting up to 500 people out of work.

 

Unbelievable.....

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  • 2 weeks later...

Times:

 

EXTRAORDINARY new details of the extravagance of Sir Fred Goodwin?s reign at the Royal Bank of Scotland have been revealed by a whistleblower.

 

An RBS insider claims the disgraced former chief executive squandered vast sums empire-building and indulging his personal tastes as the bank ran up huge losses.

 

The well-placed source has told how the bank allegedly:

 

- Redecorated the lobby outside Goodwin?s office with wallpaper costing ?1,000 a roll because someone had made a tiny stain on one surface.

- Spent ?5.3m lavishly refurbishing a grade A listed building ? styled ?Sir Fred?s Pleasure Dome? by staff ? that was barely used.

- Paid out ?100,000 a month on part-time chauffeurs.

- Flew fruit in daily from Paris and upbraided staff about ?rogue biscuits? when pink wafers were included with other boardroom snacks.

- Twice changed ?100-a-square yard carpeting in two vast boardrooms because Goodwin ?didn?t like the shade of amber?.

 

 

The bank have not denied the claims.

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Daily Telegraph have reported the following:

 

"The home of disgraced former Royal Bank of Scotland boss Sir Fred Goodwin has been vandalised.

Windows were smashed at the ex-RBS chief's house in Edinburgh and in a Mercedes which was parked in the driveway.

Lothian and Borders police are investigating after they were called out just before 5am to a report of vandalism.

It is not known if anyone was in the house at the time of the attack or who reported the incident and there were no obvious signs of activity inside this morning."

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Update

 

"Anti-capitalists today claimed responsibility for vandalising the home of disgraced former Royal Bank of Scotland boss Sir Fred Goodwin.

 

A group calling themselves Bank Bosses Are Criminals released a statement hours later ominously warning it was only the start of a campaign against executives.

 

It said: 'We are angry that rich people like him are paying themselves a huge amount of money, and living in luxury, while ordinary people are made unemployed, destitute and homeless.

'This is a crime. Bank bosses should be jailed. This is just the beginning.' "

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